Released for publication STAl'ELtENT FOB THE PEES5 Sunday morning, Nov.l6, 1919» not earlier. Federal Reserve Board

November 15> 1919»

CONDITION OF FEDERAL DESERVE BANZS.

Net liquidation of 70.4 millions of war paper as against additions of 20.5

millions to other discounts and 22-1 millions to acceptances on hand is indicated

in the Federal Reserve Board's weekly Dank statement issued as at close of business

on November l4, 1919« During the week the balance of 19»2 millions of gold held on

the continent was transferred to London and added to the Banki' gold reserves, but net

because of some export withdrawals, aggregate gold reserves show a^gain for the

week of only 13*7 millions and total cash reserves « of 12»7 millions. This gain, reductions in

coupled with/deposit liabilities and but a slight increase in Federal Reserve note

circulation, accounts for the rise in the reserve ratio from 46.8 to 47.1 per cent.

The week saw further rediscounts between Federal Reserve banks, Chicago re-

porting_/its war paper holdings 21.2 millions of bills discounted for other F.R.

banks, as against 17.8 millions the week before. Over one=half of the acceptances

held by the Chicago bank represents bills purchased from other F.R. banks, the total

thus held showing an increase for the week of 10.2 millions. St.Louis1 increase of

10 millions in acceptance holdings is likewise due to purchases from other F.R.

banks.

Treasury certificates on hand increased 5*3 millions, while the volume of out-

standing F.R. bank notes, which are largely secured by such certificates, shows a

slight decline.

Government deposits went up 14.2 millions, members' reserve deposits declined

43.5 millions, and the "float" carried by the reserve banks increased about 3

millions. There has also been a slight increase in all other deposits including

foreign government credits. As a result, net deposits work out le£«3 millions less

than the week before. Federal Reserve note circulation shows an increase for the

week of 1.7 millions. Admission of new members and increase in capital and surplus

of existing members account for an additiop of $$02,000 topaid^ih capital account,

of which $358,000 is shown for the New York Federal Reserve bank.

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Bills discounted

Released for publication Sunday morning, November l6, 1919; STAiiiviEKT OF COMBINED RESOURCES

R E S O U R C E S Gold coin and certificates Gold Settlement Fund — F.R.Board Gold with foreign agencies Total gold held by banks

Gold with Federal Reserve Agents Gold Redemption Fund Total gold reserves

Legal tender notes, silver, etc. Total reserves

(Secured by Government war obligations (All other

Bills* bought in open market Total bill 3 on hand

TJ. S x U-ovemment bonds U. S. Victory notes U« S. Certificates of indebtedness A31 other earning assets

Total earning assets Bank premises Golf :a transit or in custody in foreign countries Uncollected items and other deductions from gross deposits

Redemption fund against F-R. bank notes All other resources

TOTAL RESOURCES L I A B I L I T I E S

Capital paid-in Surplus Government deposits Eue to members - Reserve account Deferred availability items Other deposits, including foreign government credits Total gross deposits

F..R. notes in actual circulation F,B» bark nctos in circulation - net liability A31 oLher liabilities

TO TAT' LIaIAiI 'VJES Ratio of to i"al reserves to net deposit and F-R. note liabilities combined

Ra^io of c'ld reserves to F.R, notes in circulation after tv*r<* itc icTe aeain;: t net deposit 3i3.b5.liti sp

not earlier. AND LIABILITIES OF THE TWELVE

November l4, 193-9 $248,601,000 440,078,000 146,176,000 234,855,000

1,194,319,000 104,086,000

1,700,618,000 439,000,000 455,653,000

1,023.574,000

77,912,000 1,863,379,000 842,047,000 98,494,000

$2,133,260,000 66,846,000

2,200,106,000

FEDERAL RESERVE BANKS. November J, 1919

$244,836,000 429,429,000 127,165,000 801,430,000

1,207,275,000 110,860,000

2,595.271,000 26,846,000

79,000 278,532,000

2,900,73^,000 12,266,000

1,023,574,000 13,009,000 10,071,000

6,159,760,000

86,769,000 81,087,000

2,881,832,000 2,808,456,000 257,281,000 44,335,000

6,159,760,000

47.1 $ 55*2.%

1,771,028,000 418,461,000 431,586.000

19,242,000 917,936,000

$2,119, 67,

565,000 804,000

63,687,000 1,906,867,000 739,384,000 97,750,000

2,187,369,000

2,623, 26,

273,

075,000 846,000 84,000 199,000

2,923.204,000 12,222,000

937,178,000 13,408,000 8,225,000

St.705a

November 15, 1912 $375,527,000 433,885,000

5,829,000 815,241,000

1,166,579,000 74,957,000

2,056,777,000 53,039,000

2,109,816,000 i,358>4I6,OOO 439.392,000 377,877,000

2,175,685,000 29,476,000

*93,449,000 22,000

2,298,640,000

717,785,000 4,008,000 18.169.000

6,081,606,000 5,148,418,000

86,267,000 79,903,000 81,087,000 1,134,000

246,401,000 1,449,949,000

573,727,000 113.385.000

2,383,462,000 2,562,517,000

72,930,000 48,472,000

6,081,606,000 5,148,418,000

2,807,688,000 2,806,759,000 257 , 57^000 42.233,000

Includes 1-year 1rcasury notes.

46.8^

54.6fo

49.9^

59-6% Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

. St.705% «ssss »h"SI,SrMes AI r c = " a = * - 1 9 1 ? -

• r n n a a a a Bills discounted.: #=:- IWWPMB U. S» Government "bonds * Rn - Lj. ' - 25 - - - 13

^ $g» s&f§ ^ S s f S p o s i t s 94,216 2^,816 89,595 80.3=0 88,663 41,794 115,379 69,108 24,070 78,315 52,174 43,758 1,523,574

^ i$ as % % tg % % % 470,226 1,894,223 462,693 504,968 314,205 265,854 906,312 292,415 176,875 290,356 182,747 3 98,881 6,159J6O

(a) Includes bills discounted „ _ „ . - 21,155 for other E-R-Banks,viz. - -

(b) Includes bankers' acceptances bought from other F.R,banks - , - - 20,2^5

« : « o - - - « M 53,573

All other resources

TOTAL RESOURCES

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St.705c B e l e a S 9 d BANKS AT CLOSE OF BUSINESS NOVEMBER l4, W 9 -

(In thousands of dollars *)

isi:^.llilllllillil Cthsr deposits including foreign 7.322 *+3,/yt> e>, p.} —

,liS Sf'rouXaUon 93 :0 \& lUlIU I'M 0 2i3EE:::rticn"

TOTAL LIABILITIES 470,226 1,894,228 462,693 504,968 314,205 265,85** 906,312 292,415 176,875 290,350 182,74, 39-3.881 6,159,7

M E M O R A N D A

Contingent liability as endorser on -Discounted paper rediscounted ^ _ __ - - - 21,155 with other ~£• banks - - 21 j 155 ~ ~ ~ ~ 20,24^

5 f ; g " b 3 5 k r F t a n C e S S° l d ° t h e r 2 0 , 2 4 5 " FEDERAL "RESERVE NOTES OUTSTANDING AND n f ACTUAL CIRCULATION

t 2 i % 2 % - , ^ I t ' C

2,808,456

F, H, notes outstanding . F. R. notes held "by bank 12,02$.

F.R.notes in actual circulation21g,35S 755,745 220,593 2Hg,0?„0 141,311 151,376 4 6 M 5 S 133,232 83,612 98.959 66,27° -20.971*

DISTRIBUTION OF BILLS AND U.S. CERTIFICATES OF INDEBTEDNESS BY MATURITIES.

Wi thin 15 days 16 to 30 days 31 to 60 days 61 to 90 days Over 90 days Total

B"l: K r f f o p e n m r k e t ^ J g Z ^ X w i s * U.S*certificates of indebtedness 21,%o0 > 39

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Released for publication Sunday morning, November l6, 1919; n o t earlier. fc«705d

STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS NOVEMBER l4, 1919*

(in thousands of dollars*)

Boston New York Phila- Clevel. Richm. Atlanta Chicago St.Louis Minn. Kans.Cy, Dallas San Fran. Total Federal Reserve Agent at

FEDERAL RESERVE NOTES:

Received from Comptroller

Returned to Comptroller

Chargeable to F.R.Agent

In hands of F.R. Agent

Issued to F.R.bank less amount returned to F.R- Agent for redemption

COLLATERAL SECURITY FOR OUTSTANDING NOTES:

Gold coin and certificates on hand

Gold redemption fund

Eligible paper - minimum required

Total

AMOUNT OF ELIGIBLE PAPER DELIVERED TO F.R.AGENT

450,620 1,272,300 486,750 44S,560 290,180 287,000 788,800 281,750 145,450 190,860 1)1,740 372,120 5,746,280

1 7 8 1 7 904,449 225,4g4 119,232 83,271 259,316 101,871 50,872 79,299 45^6lJLl%^76 2,314,968

274,863 967,851 261,296 289,946 170,948 203,729 529,484 179,909 94,60s 111,561 86,473 260,644 3,431,312

44,480 125,000 28,580 30,440 24,857 47,555 36,680 19,470 9,280 6,210 17,170 *1,900 394,b22

230,383 842,851 232,716 259,506 146,091 156,174 492,804 160,439 85,328 105,351 69,303 255,744 3,036,690

133,740 - 30,125 2,500 13,052 8,831 238,248

13.596 15,677 15.620 13,194 535 3,710 8,765 5,204 3,450 3,664 3,728 IS,124 105,267

L 55,000 85,000 65,389 70,000 48,000 49,000 249,144 69,931 19,800 36,860 13,484 89,196 850,804

161,787 558,434 151,707 146,187 97,556 100,964 234,895 85,304 49,026 64.827 43,260. ]4%,„4?4 1,842,3

230,383 842,851 232,716 259,506 146,091 156,174 492,804 160,439 85,328 105,351 69,303 255,744 3,036,690

201,020 897,018 166,488 215,935 101,844 105,427 356,006 92,764 60,576 102,713 49,927 159,642 2,509,360

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